iPhone maker Apple ’s AAPL stock has been hovering around a record high recently, reflecting bullish price action. The stock is up 27.4% this year, way lower than one of the most talked-about Mag 7 members NVIDIA Corp. NVDA (up 198% year to date).

Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs. Shares of the iPhone maker were down 0.7% to $234.95 in premarket trading Tuesday.

The iPhone wasn’t just three devices in one—it was a revolution still unfolding. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Apple announced a preview of Apple Intelligence this summer.

Nvidia Corp.’s stock was a standout gainer in the chip sector on Monday as it powered to levels that cemented a new milestone.

Microsoft, Amazon.com, Google-parent Alphabet and Meta Platform represented more than 40% of the company's revenue in the second quarter.

Jensen Huang’s NVIDIA Corporation NVDA recently achieved a new milestone and is now part of an elite club. And with the NVIDIA stock hitting record highs, investors must lament not owning the stock. But it’s not too late to buy the stock either!